Rents are headed up 2 percent for one-year leases and 4 percent for two-year leases, under rules for stabilized apartments enacted last night by the city Rent Guidelines Board.

The board approved the hikes, 7-2, after rejecting three different motions by tenant member Adriene Holder’s for rent freezes and rollbacks.

“There’s no basis in logic or public policy for a rent increase this year,” Holder declared – citing a price index of landlord costs that turned negative for the first since 1969, an increase in the homeless population and post-Sept. 11 economic malaise.

But landlord representative Harold Lubell said, “Owners of the rental-housing supply aren’t the proper party to address the issues of homelessness and poverty.”